Southside Bancshares, Inc. Financial Ratios — SU7 Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	16.54	13.43	15.93	6.08	10.12	10.26	8.54	9.98	9.71	9.78	12.69	12.66	11.41	11.16	8.34
Return on Assets (%)	1.24	1.06	1.23	0.5	0.88	0.92	0.9	1.17	1.16	1.19	1.59	1.42	1.09	1.05	0.81
Return on Capital (%)	4.24	3.9	4.76	- -	2.9	2.19	2.27	4.19	4.16	4.13	6.55	7.63	5.85	5.12	4.11
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	39.22	33.03	34.15	14.36	30.25	33.94	39.67	39.81	41.54	39.45	54.76	47.25	40.31	41.64	34.86
Profit Margin (%)	30.16	27.09	30.39	16.03	25.95	28.06	30.59	35.01	35.29	34.66	47.47	41.48	34.56	34.32	29.2
Net Income to Common Margin (%)	30.16	27.09	30.39	16.03	25.95	28.06	30.59	35.01	35.29	34.66	47.47	41.47	34.54	34.3	29.18
Effective Tax Rate (%)	20.43	17.98	11.01	- -	14.2	17.3	22.89	12.06	15.06	12.13	13.32	12.21	14.28	17.59	16.23
Dvd Payout Ratio (%)	35.06	55.01	39.06	86.01	56.98	52.61	59.29	56.62	57.03	52.59	39.3	42.77	50.25	49.27	62.63
Sustainable Growth Rate (%)	10.74	6.04	9.71	0.85	4.35	4.86	3.48	4.33	4.17	4.64	7.7	7.25	5.68	5.66	3.12

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	683	581	633	958	1,208	2,335	1,176	878	1,170	1,130	543	551	893	976	734
ST Debt	362	151	73	297	645	867	- -	- -	- -	- -	- -	- -	- -	76	419
LT Debt	321	429	560	660	563	1,468	1,176	878	1,170	1,130	543	551	893	900	315
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	7.84	7.96	7.53	8.85	8.6	9.32	11.61	11.94	11.92	12.49	12.57	9.87	9.33	9.53	9.95
Long-Term Debt/Equity (%)	123.99	166.59	215.65	155.29	126.67	283.24	155.92	120.02	145.43	129.09	59.5	73.8	115.52	110.85	37.16
Long-Term Debt/Capital (%)	34.08	51.22	62.7	47.75	34.05	51.46	60.93	54.55	59.26	56.35	37.3	42.46	53.6	50.32	19.91
Long-Term Debt/Total Assets (%)	9.72	13.26	16.24	13.74	10.9	26.38	18.1	14.33	17.34	16.12	7.48	7.28	10.78	10.57	3.7
Total Debt/Equity (%)	263.81	225.25	243.95	225.22	272.02	450.44	155.92	120.02	145.43	129.09	59.5	73.8	115.52	120.26	86.61
Total Debt/Capital (%)	72.51	69.25	70.93	69.25	73.12	81.83	60.93	54.55	59.26	56.35	37.3	42.46	53.6	54.6	46.41
Total Debt/Total Assets (%)	20.68	17.93	18.37	19.92	23.4	41.96	18.1	14.33	17.34	16.12	7.48	7.28	10.78	11.46	8.62
Net Debt to Equity	247.11	166.81	222.98	205.31	253.78	419.25	130.63	102.73	127.92	114.79	35.55	56.04	46.93	72.33	39.61
Net Debt/Capital (%)	71.19	62.52	69.04	67.25	71.73	80.74	56.64	50.67	55.82	52.97	25.88	35.39	31.48	41.51	28.03
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	7.84	7.96	7.53	8.85	8.6	9.32	11.61	11.94	11.92	12.49	12.57	9.87	9.33	9.53	9.95
Long-Term Debt/Equity (%)	123.99	166.59	215.65	155.29	126.67	283.24	155.92	120.02	145.43	129.09	59.5	73.8	115.52	110.85	37.16
Long-Term Debt/Capital (%)	34.08	51.22	62.7	47.75	34.05	51.46	60.93	54.55	59.26	56.35	37.3	42.46	53.6	50.32	19.91
Long-Term Debt/Total Assets (%)	9.72	13.26	16.24	13.74	10.9	26.38	18.1	14.33	17.34	16.12	7.48	7.28	10.78	10.57	3.7
Total Debt/Equity (%)	263.81	225.25	243.95	225.22	272.02	450.44	155.92	120.02	145.43	129.09	59.5	73.8	115.52	120.26	86.61
Total Debt/Capital (%)	72.51	69.25	70.93	69.25	73.12	81.83	60.93	54.55	59.26	56.35	37.3	42.46	53.6	54.6	46.41
Total Debt/Total Assets (%)	20.68	17.93	18.37	19.92	23.4	41.96	18.1	14.33	17.34	16.12	7.48	7.28	10.78	11.46	8.62
CFO/Total Liabilities	2.42	2.33	1.87	1.28	1.55	1.72	1.6	2.27	1.36	1.48	2.46	3.32	1.06	1.32	1.22
CFO/CapEx	18.79	22.38	10.51	10.86	19.38	13.24	9.52	9.1	5.07	7.92	18.66	24.35	11.57	9.12	4.61
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	6.93	6.68	6.63	5.85	7.51	7.34	6.62	7.59	7.58	7.06	6.14	5.72	5.03	5.31	5.35
Days Sales Outstanding	52.69	54.66	55.08	62.35	48.59	49.7	55.17	48.07	48.15	51.72	59.48	63.79	72.63	68.8	68.16
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,004	1,349	1,135	962	936	894
- Cash & Cash Equivalents	43	151	54	85	81	162	191	126	131	108	202	115	514	373	384
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	683	581	633	958	1,208	2,335	1,176	878	1,170	1,130	543	551	893	976	734
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	-562	-1,075	271	45	5	-18
Total Capital	942	838	893	1,383	1,652	2,853	1,930	1,609	1,975	2,005	1,455	1,297	1,667	1,788	1,582
Total Debt/Capital (%)	72.51	69.25	70.93	69.25	73.12	81.83	60.93	54.55	59.26	56.35	37.3	42.46	53.6	54.6	46.41
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2.01	-0.51	2.03	19.87	184.45	-40.76
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.07	0.18	0.02	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.2	0.56	0.05	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.25	0.62	0.06	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,014	1,363	1,160	978	936	909
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	-552	-1,060	296	61	5	-3
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.59	1.49	0.17	- -
TTM Sales	130	128	136	130	170	176	178	212	211	237	239	253	251	258	237
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	74	70	60	- -	73	87	92	122	81	91	156	227	80	102	94
TTM Free Cash Flow to Firm	70	66	54	- -	69	80	82	109	65	79	148	217	73	91	73

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.82	9.23	5.34	13.4	10.32	12.37
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	-562	-1,075	271	45	5	-18
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	23.35	30.66	31.7	25.5	25.34	24.45
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.07	0.18	0.02	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.31	11.97	11.01	11.26	10.55	13.1
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.53	10.96	11.78	10.96	10.42	12.49
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.83	12.88	13.59	14.16	12.81	13.84
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.44	8.8	9.7	9.03	8.68	10.65
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.15	1.48	1.52	1.24	1.15	1.05
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.07	1.35	1.63	1.21	1.14	1
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.38	1.59	1.88	1.56	1.4	1.11
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.88	1.09	1.34	1	0.95	0.86
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.51	1.92	2.1	1.69	1.54	1.39
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.41	1.75	2.25	1.64	1.52	1.32
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.82	2.06	2.59	2.12	1.86	1.46
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.16	1.41	1.85	1.35	1.26	1.13
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.27	5.68	4.56	3.89	3.62	3.82
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	5.2	4.89	3.78	3.57	3.64
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.14	6.12	5.63	4.89	4.39	4.04
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.27	4.18	4.02	3.12	2.98	3.11
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.17	8.7	5.1	12.22	9.17	9.66
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.46	7.96	5.46	11.89	9.05	9.21
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.46	9.36	6.3	15.36	11.12	10.21
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.57	6.39	4.5	9.8	7.54	7.85
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	12	8.45	5.72	13.03	10.19	11.79
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.44	9.93	6.59	16.85	12.52	13.07
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.83	6.78	4.71	10.75	8.48	10.06
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.39	0.07	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.12	1.16	0.79	0.14
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.54	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	30.46	41.69	35.98	31.79	30.81	30.08
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	36.7	44.87	44.41	39.96	37.39	31.78
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	-626	-1,188	351	19	-7	-60
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	-357	-972	537	292	205	33
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	-796	-1,432	136	-145	-161	-185

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	22	21	21	27	27	29	35	34	34	33	32	32	30	30	30
Diluted Weighted Avg Shares	22	22	21	22	27	27	30	35	34	33	33	32	31	30	30
Basic Weighted Avg Shares	22	22	21	22	27	27	30	35	34	33	33	32	31	30	30
Revenue per Share	6.03	5.93	6.39	6.03	6.21	6.48	5.95	6.06	6.26	7.14	7.34	7.88	8.17	8.51	7.87
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.82	1.61	1.94	0.97	1.61	1.82	1.82	2.12	2.21	2.47	3.48	3.27	2.82	2.92	2.3
Basic EPS from Cont Ops	1.88	1.61	1.94	0.97	1.61	1.82	1.82	2.12	2.21	2.47	3.48	3.27	2.82	2.92	2.3
Diluted EPS, GAAP	1.82	1.61	1.94	0.96	1.61	1.81	1.81	2.11	2.2	2.47	3.47	3.26	2.82	2.91	2.29
Diluted EPS from Cont Ops	1.88	1.61	1.94	0.96	1.61	1.81	1.81	2.11	2.2	2.47	3.47	3.26	2.82	2.91	2.29
Dividend per Share	0.68	0.88	0.76	0.83	0.92	0.96	1.08	1.2	1.26	1.3	1.37	1.4	1.42	1.44	1.44
Cash Flow per Share	3.42	3.22	2.81	2.6	2.67	3.2	3.07	3.5	2.39	2.73	4.79	7.05	2.6	3.36	3.11
Free Cash Flow per Basic Share	3.24	3.08	2.54	2.36	2.54	2.96	2.75	3.12	1.92	2.38	4.54	6.76	2.38	2.99	2.44
Cash & Equivalents per Share	15.12	36.13	18.43	14.36	56.4	56.1	49.41	62.74	73.6	81.81	91.68	44.84	59.84	62.78	55.38
Book Value per Share	12	12.12	12.21	15.61	16.25	17.71	21.55	21.68	23.79	26.56	28.2	23.65	25.56	26.73	28.52
Tangible Book Value per Share	10.96	11.07	11.16	11.93	12.66	14.43	15.14	15.19	17.45	20.16	21.77	17.13	18.82	20.05	21.72